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ANGOLA Issue dated 01/09/2021

Saurimo diamond hub, the showpiece of Lourenço's reforms

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“Lourenço's Herculean struggles to reform the diamonds sector”

ANGOLA

Lourenço's Herculean struggles to reform the diamonds sector

Angolan president João Lourenço has made reform of diamond mining one of the key objectives of his mandate, as he tries to end the decades-long hold of the dos Santos clan over the sector. He is betting on the deregulation of diamond sales and the development of diamond-related activities in Angola itself to attract investors and increase state revenues. So far, his efforts have produced little in the way of results. [...]

Angola's President João Lourenço. © JoseSenaGoulao/EPA/Newscom/MaxPPP

Saurimo's new diamond hub, built at top speed, and presented as a key feature of João Lourenço's mining reform programme, comes at a timely moment in the president's electoral calendar, allowing him to score points on several fronts. [...] (644 words)

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Maseru takes a hard line with diamond producers

Following the recent inauguration of the first diamond mine owned by a Mosotho, the government is looking for an independent diamond valuer to reduce reliance on selling prices decided by the mining companies. It is also considering raising the bar regarding the minimum local shareholding in foreign mining ventures. [...]

Vice-chairman of KGK Group Sanjay Kothari. © KGK Group

ANGOLA 18/03/2021

Uber-rich Kothari clan hitches its wagon to Lourenço's diamond sector reforms

The wealthy Indian Kothari family, which owns the KGK Group gemstone and jewellery company, is backing João Lourenço's shake-up of the diamond sector. By helping the president with his plan to make Angola more than a mere producer of stones, the Kotharis are counting on better access to the country's output. [...]

ANGOLA 18/11/2020

Buyers still sought by Luanda for Saurimo hub's diamond cutting facilities

The Saurimo diamond hub, a pillar of President Lourenço's diamond sector reforms, is still on the lookout for international investors to occupy its diamond cutting workshops, currently under construction. [...]

Spotlight ANGOLA 19/02/2019

Stock-take of Joao Lourenco's reform of the diamond sector?

After 18-months in power, what has Angolan president Joao Lourenco managed to achieve of his great reform to overhaul the country's diamond industry (AMI 409), no longer controlled by those close to former president Jose Eduardo dos Santos and his [. [...]

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ANGOLA
Ana Dias Lourenço
Arslanian Group
Daniel Félix Neto
Diamantino Azevedo
Dos Santos
Endiama
Ernesto Kiteculo
Eugenio Pereira Bravo da Rosa
Jânio da Rosa Corrêa Victor
João Lourenço
José Eduardo dos Santos
José Manuel Augusto Ganga Junior
Julius Klein Group
Kapu Gems
KGK Group
Kothari
Sodiam
Stardiam
Vishal Sanjay Shah

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Saurimo diamond hub, the showpiece of Lourenço's reforms

Lourenço's Herculean struggles to reform the diamonds sector

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Buyers still sought by Luanda for Saurimo hub's diamond cutting facilities

Stock-take of Joao Lourenco's reform of the diamond sector?

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Saurimo diamond hub, the showpiece of Lourenço's reforms

Lourenço's Herculean struggles to reform the diamonds sector

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Mediation efforts continue as Farmajo and Roble remain at daggers drawn

Israel's Delek Drilling shows interest in Lake Albert permits once owned by Dan Gertler

Mahamat Déby's Herculean labours to secure Chad's borders

Maseru takes a hard line with diamond producers

Uber-rich Kothari clan hitches its wagon to Lourenço's diamond sector reforms

Buyers still sought by Luanda for Saurimo hub's diamond cutting facilities

Stock-take of Joao Lourenco's reform of the diamond sector?

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